Multi-asset investment company Saxo Bank has unveiled its plans to launch of new equity theme baskets later this year.
Saxo says it will roll out new theme baskets that will focus on green metals (used in the green transformation), payments, robotics and automation, medical technology, and much more.
In the meantime, Saxo has launched its 18th equity theme basket, and this is the final one before the holiday season kicks in. This is the cannabis theme basket.
This basket is the second-best performing theme basket this year after Saxo’s crypto and blockchain basket, up 45%. The drivers behind the performance are continued legalization in more US states, a Democratic majority owned US Congress which increased the probability of federal legalization of cannabis, and finally continuous high revenue growth numbers from several key industry players.
Saxo could only find 20 companies with good direct exposure to this theme and a sufficient market value.
Saxo Bank has been regularly updating its offering of equity theme baskets. Earlier in July, Saxo introduced a basket on 3D printing companies. This is the smallest basket Saxo has done so far with only 16 companies making the cut.
Last month, Saxo introduced its 16th equity basket – it focuses on the cyber security industry. Prior to that, Saxo launched an equity theme basket which provides a diversified exposure to the global logistics industry.